Pacific Current Group Buys Stake in Astarte Capital Partners
Posted on 01/09/2021
Before year 2020 closed, Australia-based asset management firm Pacific Current Group Ltd. revealed it agreed to purchase a minority interest in London-based investment manager Astarte Capital Partners LLP. Pacific Current Group will invest £4.4 million to provide operating capital to Astarte and buy out passive shareholders in exchange for approximately 40% of Astarte’s net income. About 35% of the consideration is likely to be deferred until July 2021. Astarte Capital focuses on private market real asset strategies.